GM On Its Last Legs?

It looks like GM is really struggling right now and this is terrible news for our economy. For every job lost three more will be lost in the parts industry and companies that supply them; laid off workers won't have disposable income to spend and this will impact any number of small businesses in affected communities. GM's decision to eliminate 22% of its Canadian workforce should act as a wakeup call. There are all sorts of reasons why GM commands only 26% of the North American market. They don't provide people with what they want. Why are they still making huge gas guzzlers that no one can afford to drive? Why weren't they the first to develop hybrid vehicles? I've bought GM vehicles and the quality just wasn't there. They need to produce a better product. Although Uncorrected Proofs will probably never forgive me for saying this, paying unskilled workers $65.00 per hour is a huge part of the problem. If GM wants to stay in business they've got to shed their arrogance and realize they can no longer rest on their laurels. Their glory days are over. That said, if GM goes down our economy and standard of living may never recover.